Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$285,955$285,955$630,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$344,045$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%6.012%7.640%
1st payment$1,357.47$1,357.47$4,361.99
2nd payment$0.00$2,221.96$0.00
Taxes / mo$7.67$7.67$7.67
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,757.84$3,979.80$4,662.33
Cash to close$414,045$70,000$70,000